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AUD/JPY chart - Trading View
AUD/JPY was trading 0.10% lower on the day at 84.37 at around 11:25 GMT.
The pair is extending previous session's weakness, upside remains capped at 5-DMA.
The Australian dollar under pressure after downbeat Australia Retail Sales data released earlier today.
Preliminary readings of Australia’s Retail Sales for February dropped way below 0.5% prior and 0.4% market consensus to -1.1% MoM.
Stochs and RSI are on verge of bearish rollover from overbought levels. Bearish divergence weighs.
The pair is holding support at 200H MA at 84.35, breach below will drag prices lower. Dip till 21-EMA likely.
